Zurcher Kantonalbank Zurich Cantonalbank Has $332,000 Holdings in SunOpta Inc. (NASDAQ:STKL)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,654 shares of the company’s stock after selling 2,519 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SunOpta were worth $332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hantz Financial Services Inc. bought a new stake in SunOpta in the second quarter valued at approximately $42,000. US Bancorp DE boosted its stake in shares of SunOpta by 139.3% in the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock valued at $52,000 after purchasing an additional 4,772 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of SunOpta during the second quarter worth $60,000. MQS Management LLC bought a new position in SunOpta during the second quarter worth $63,000. Finally, Tealwood Asset Management Inc. acquired a new position in SunOpta in the third quarter valued at $80,000. 85.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at SunOpta

In other SunOpta news, Director Rebecca Fisher sold 13,142 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total transaction of $99,616.36. Following the transaction, the director now directly owns 108,500 shares in the company, valued at approximately $822,430. This trade represents a 10.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Duchscher sold 50,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the completion of the sale, the insider now owns 42,971 shares of the company’s stock, valued at approximately $314,977.43. This represents a 53.78 % decrease in their position. The disclosure for this sale can be found here. 6.48% of the stock is owned by insiders.

SunOpta Stock Down 1.3 %

Shares of NASDAQ:STKL opened at $7.79 on Monday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. SunOpta Inc. has a 52-week low of $4.62 and a 52-week high of $8.11. The business’s 50 day simple moving average is $6.85 and its two-hundred day simple moving average is $6.14. The firm has a market cap of $930.68 million, a P/E ratio of -43.28 and a beta of 1.78.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The company had revenue of $176.22 million for the quarter, compared to analysts’ expectations of $172.30 million. As a group, research analysts forecast that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

STKL has been the subject of several research analyst reports. DA Davidson reissued a “buy” rating and issued a $9.00 price objective on shares of SunOpta in a research report on Thursday, October 10th. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, Stephens raised their price objective on shares of SunOpta from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $9.50.

SunOpta Profile

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.